"Subsidy burden is now almost becoming backbreaking. They are saying that this year's burden (combined) will be around Rs 1,40,000 crore," ONGC chairman and managing director Sudhir Vasudeva said last evening when asked about subsidy and under-recovery situation.
Speaking on the sidelines of Institute of Chartered Accountants (ICAI) annual conference in city, he said, "Ultimately what is important is how much the government is looking to take the burden. If the government passes everything to us, then what happens?" ONGC's subsidy during first half of the current fiscal had been to the tune of Rs 23,400 crore, Vasudeva said.
Also Read: Petrovietnam, ONGC Videsh sign oil exploration pact
Due to weak rupee and rising crude price, the overall under-recovery for oil marketing companies (OMCs) in the current financial year may touch Rs 1,40,000 crore from Rs 80,000 crore as pegged in the begining of this fiscal.
Speaking about the the MoU with Petrovietnam in which it was offered five blocks to ONGC Videsh, Vasudeva said, "Now the blocks have been offered. Unless we see the blocks, the size, the prospectivity etc nothing can be said on projected investment in these blocks."
ONGC stock price
On November 22, 2013, Oil and Natural Gas Corporation closed at Rs 278.15, up Rs 7.55, or 2.79 percent. The 52-week high of the share was Rs 354.10 and the 52-week low was Rs 234.40.
The company's trailing 12-month (TTM) EPS was at Rs 22.24 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 12.51. The latest book value of the company is Rs 145.47 per share. At current value, the price-to-book value of the company is 1.91.
Anda sedang membaca artikel tentang
Subsidy burden becoming 'backbreaking': ONGC
Dengan url
http://kebugaranhidup.blogspot.com/2013/11/subsidy-burden-becoming-backbreaking.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Subsidy burden becoming 'backbreaking': ONGC
namun jangan lupa untuk meletakkan link
Subsidy burden becoming 'backbreaking': ONGC
sebagai sumbernya
0 komentar:
Posting Komentar